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September Employer Hourly Comp Costs were $27
A BLS news release said wages and salaries, which
averaged $19.12, accounted for 70% of these costs, while
benefits, which averaged $8.18, accounted for the remaining
30%.
Employers spent on average $2.22 per hour for insurance
benefits (life, health and disability), or 8.1% of total
compensation. Legally required benefits,
including Social Security, Medicare, unemployment insurance
and workers’
compensation, averaged $2.19 per hour (8% of total
compensation), while paid leave benefits (vacations,
holidays, sick leave and other leave) averaged $1.91 (7%).
Retirement and savings benefits averaged $1.18 (4.3%) per
hour worked, according to the government data.
Meanwhile, in the private sector in September, employer
compensation costs averaged $25.52 per hour worked, the BLS
said. Wages and salaries averaged $18.04 per hour (70.7%),
while benefits averaged $7.48 (29.3%). Employer costs for
legally required benefits averaged $2.18 (8.6%) per hour
worked and cost for insurance benefits averaged $1.89
(7.4%). Costs for paid leave benefits averaged $1.73
(6.8%); retirement and savings costs averaged
$0.93 cents (3.6%); and supplemental pay averaged $0.75
cents (2.9%).
Wages and salaries accounted for about the same proportion of total compensation for service employees (60.9%) and sales and office employees (62%). For management, professional and related employees, wages and salaries represented a significantly higher proportion of total compensation (70.6%).
The full September report is here .